Channai's Group

Channai is 19 years old and she is single. She is a villager from Kampong Cham province. To make a living, she is growing cassava and cashews. She has been involved in this business for one year.

She has been with VisionFund (Kiva’s partner) for three cycles already and has fully paid back the loans, which have had a positive impact for her. For this cycle, she leads a group of two for a loan. She and her co-borrower are requesting loan for 2,000,000 KHR each. As a leader, she will spend her entire loan portion to pay for plowing, labor fees, fertilizer and pesticide. She hopes to gain a better yield than before.

Additional Information

About VisionFund Cambodia

VisionFund Cambodia is a Christian organization and microfinance institution that provides small loans and other financial services to improve the lives of children, empower poor women and their families, and grow successful businesses. The organization works primarily in rural parts of Cambodia and has distinguished itself by targeting the very poor who require smaller loan sizes, regardless of religious beliefs, gender or ethnic background.

Kiva lenders’ funds will help the organization to expand into the northeastern provinces of the country, which have historically been underserved and difficult to reach with financial services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.